If he cuts his price by 10%, his sales will increase to pizzas, and his total revenue will increase to $

If he cuts his price by 10%, his sales will increase to<br>pizzas, and his total revenue will increase to $<br>

Extracted text: If he cuts his price by 10%, his sales will increase to pizzas, and his total revenue will increase to $

A local pizzeria sells 500 large pepperoni pizzas per week at a price of $20 each. Suppose the owner of the pizzeria tells you that the price elasticity of<br>demand for his pizza is -2, and he asks you for advice. He wants to know two things. First, how many pizzas will he sell if he cuts his price by 10%?<br>Second, how will his revenue be affected?<br>

Extracted text: A local pizzeria sells 500 large pepperoni pizzas per week at a price of $20 each. Suppose the owner of the pizzeria tells you that the price elasticity of demand for his pizza is -2, and he asks you for advice. He wants to know two things. First, how many pizzas will he sell if he cuts his price by 10%? Second, how will his revenue be affected?

Jun 07, 2022

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If he cuts his price by 10%, his sales will increase to pizzas, and his total revenue will increase to $

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